On the recordDecember 9, 2010
Our national debt is quickly approaching $14 trillion. Yesterday, Congress approved another trillion dollars, funding government next year, without making the necessary cuts. This spending bill does nothing to reverse the out-of-control spending of the last 2 years. Instead, it continues this incredible growth of borrowing and spending that puts our country on the track to bankruptcy. In the past 50 years, we have only balanced the budget five times. This has to change. During my first week, I introduced the constitutional balanced budget amendment that says simply we don't spend more than we take in. We need to pass the constitutional budget amendment, and we need to pass it today.
